Sales Management Essentials

Understanding Finances

ID: 16026528

Understanding Finances

Understanding Finances
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Course Length:

  • 30 topics
  • 45 minutes of seat time

Language:

  • English

Course Features:

  • Audio narration
  • Animations
  • Progress checks
  • Pop quizzes
  • Final assessment

Target Audience:

  • Medical professionals
  • Medical students
  • Pharmaceutical representatives
  • Nurses

Description:

This learning program is designed to introduce you to the basic concepts of finance and accounting. The program begins with a brief overview of financial acumen, the financial goals of companies, and commonly used finance and accounting terms. You will learn about the 3 main financial statements, how to interpret them, and how to analyze them. You will also learn about the fundamentals of working capital management, as well as the elements of a typical annual report.

Upon completion of this learning program, you will be able to:

  • Define financial acumen.
  • Identify the financial goals of a firm.
  • Recall key financial and accounting terms and concepts.
  • Interpret the balance sheet and income statement.
  • Analyze financial statements through the use of financial ratios.
  • Interpret the cash flow statement.
  • Identify measures to improve working capital.
  • List the components of an annual report.
  1. GETTING STARTED
    1. Sound Check
    2. Disclaimer
    3. Welcome
    4. Navigation Instructions
  2. STAYING FOCUSED
    1. Introduction
    2. Learning Objectives
  3. WHAT IS FINANCIAL ACUMEN?
  4. CONCEPTS AND GOALS
    1. Shareholder Wealth Maximization
    2. Commonly Used Terms in Finance & Accounting
    3. Progress Check
  5. HOW TO READ A FINANCIAL REPORT
    1. Overview
    2. Why the Balance Sheet Balances
    3. Analysis of the Income Statement
    4. Pop Quiz
    5. The Matching Principle and Accrual Accounting
      • Side Note: Learn the Lingo – Accrual and Allocation
    6. Depreciation and Amortization
    7. Progress Check
  6. FINANCIAL RATIO ANALYSIS
    1. Overview
    2. Assets and Asset Utilization
    3. Profit and Profitability Ratios
    4. Pop Quiz
    5. Other Key Financial Ratios
    6. Progress Check
  7. CASH FLOW
    1. Interpreting the Statement of Cash Flows
    2. Management of Working Capital
    3. Progress Check
  8. ANNUAL REPORTS
    1. Annual Reports
    2. Progress Check
  9. TEST YOUR ACQUIRED KNOWLEDGE
    1. Summary
    2. Final assessment
  10. END OF PROGRAM
  11. GLOSSARY
  12. REFERENCES



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